Examples of Qualifying Employment in a sentence
For purposes of this letter, either the termination of your employment by Merrill Lynch without Cause or your resignation with Good Reason, each as defined below, shall be deemed a Qualifying Employment Termination.
Notwithstanding the provisions of Section 5.3 to the contrary, with respect to each Participant who has completed at least ten years of Qualifying Employment as of a Matching Date (“Ten-Year Employee”), the Matching Credit for such Participant under Section 5.3 above with respect to any Participant Contributions made on or after the date the Participant becomes a Ten-Year Employee shall be one-half of the amount of the Participant’s Participant Contributions instead of one-third.
A person is in Qualifying Employment if he/she is employed either: • Under the supervision of an authorised person in private practice; • In an organisation where the employment is subject to supervision by an authorised person employed in duties of a legal nature by that firm, corporation, undertaking, department or office; and in each case, you must undertake work that is wholly of a legal nature for at least 20 hours per week.
Further information about Qualifying Employment is available from the Membership Contact Centre Team.
The notification will inform the Borrower how to submit proof of Qualifying Employment to the Department.